p3nchan

p3nchan

So the H4 candle just close high. Would love to see it go strong if it break back into the small range which is also in the premium of the bigger range. Once passed, we look forward to the Monday High as long as the small range high. Not pretty sure if it will reach the 20K+ once it breaks back. Will need to investigate in future.

p3nchan

Personally, I preferred the second one, which is good for the us to expect an uptrend toward 20.5K and more.

p3nchan

On the other hand, if it goes strong, it's expected to see it break the range and EQH above. If then it creates MSB, it can be seen as running the liquidity at the EQH. We'll see after that.

p3nchan

After the strong break of market structure which was at the Monday High, the market start trending down in LTF . We'd love to see it break the eq of HTF and Monday Low, to start a new trend in HTF. If so, it's highly possible to go down below 18K.

p3nchan

It accumulated for a long time in the range. I don't think it's going to sweep the range low only. Would love to see it sweep the 17.6K then see how it goes. On the other hand, if it goes up, I'll just watch how it's going to do at 20.1K.

p3nchan

We have a small range here, now if we cause a msb after going across the eq. We can do a intraday trade that it'd go down to the range low.

p3nchan Updated 

Now we're having a long bias for the potential PO3 pattern. The entry could be at the H12 OB, or after it'd break back into the range we'll see a better entry. The potential entry will be shown in the comment section.

p3nchan

So far the price has reached a key level. Now after forming a range, we seek to enter with a clearer direction bias. One is break the eq of range, and another one is to enter when it break the range low and get back causing MSB above. Gonna wait for it.

p3nchan

I was looking for a filling in poor VaH above 20520, but the market rejected in a H1 supply confluent with M15 supply. Stay flat now and look for another chance in future.

p3nchan

So now we had this breakout of the range. As usual, won't do much on the weekend till Monday range forms. As the price hangs in the middle of two liquidity pockets, I don't have a bias now. But from the Fibonacci extension the target is still far down. So maybe it will run to the bottom to H1 liquidity pockets down below about 18.5k - 19k. But for the upside...

p3nchan

We got this three taps when I was reviewing the past chart. This could be taken at the swing high. Also from this, the tp should be set not too far after a harsh dump.

p3nchan

Just had a review over the latest trend of AVAX, and found a beautiful one. After sweeping on the top the retest of the supply zone (two zones, wow!) successfully reach to the range low. Really beautiful run here.

p3nchan

So the price grabbed the liquidity of range high, and now it broke the eq. Potentially the traders who came after the breaker, or say trap, longed during and after the pumping. Now expecting it'll dump after the retest of the potential M15 breaker.

p3nchan Updated 

Let's have the time analysis on the fall from 2021 Nov 10. I set the swing high/low of minor uptrend/downtrend as endpoints of each period. However, it's not pretty relevant of each dumping/rising. But we can see that more time for pumping comes with more time for dumping. We still have some analysis in this post. Post later.

p3nchan

A risky setup for the reversal pattern First MSB is with needle, and it's not valid. So we can enter at the second MSB with SL below swing low. - SL below swing low at LTF - TP1 at the swing high of previous, and TP2 at the higher swing high.

p3nchan

A risky swing setup for the reversal pattern after MSB. This is not a pretty good example. - The bar did not close above previous swing high. - Major trend is still down.

p3nchan

Setup: - CHOCH at LTF - SL at swing low - TP at swing high

p3nchan

Setup: - OB - Entry at EQ - SL below OB - TP at the swing high